Markus Companys common stock sold for $3.00 per share at the end of this year. The company paid a common stock dividend of $0.48 per share this year. It also provided the following data excerpts from this years financial statements:

	Ending Balance		Beginning Balance
Cash	$	31,000	$	32,200
Accounts receivable	$	64,000	$	53,700
Inventory	$	59,200	$	64,000
Current assets	$	154,200	$	149,900
Total assets	$	490,000	$	506,000
Current liabilities	$	63,000	$	49,500
Total liabilities	$	140,000	$	126,000
Common stock, $1 par value	$	126,000	$	126,000
Total stockholders equity	$	350,000	$	380,000
Total liabilities and stockholders equity	$	490,000	$	506,000

This Year

Sales (all on account)

$

750,000

Cost of goods sold

$

440,000

Gross margin

$

310,000

Net operating income

$

162,000

Interest expense

$

9,000

Net income

$

88,200

6.	What is the book value per share at the end of this year? (Round your answer to 2 decimal places.)